Form 4: NiSource Inc. Director Yates Sells Shares
SEC Form 4 Filing
Director and President & CEO of NiSource Inc., Lloyd M Yates, sold 16,127 shares of common stock at an average price of $38.93 on May 16, 2025.
Summary
- On May 16, 2025, Lloyd M Yates, a Director and President & CEO of NiSource Inc., sold 16,127 shares of NiSource Inc. common stock.
- The shares were sold at a weighted average price of $38.93.
- Following the transaction, Yates beneficially owns 351,747.845 shares of NiSource Inc.
- This amount includes shares acquired through the NiSource Inc. Employee Stock Purchase Plan and RSUs received pursuant to the dividend equivalent provisions of his director RSU awards from 2020 and 2021, and which are subject to the same vesting conditions as the underlying RSUs.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine disclosure of an insider stock sale, which doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This is a routine disclosure of insider trading activity. It is common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company director could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/16/2025 | Date of the transaction (sale of shares) |
| 05/19/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, NiSource Inc., Insider Trading, Stock Sale, Lloyd M Yates, NI
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